Fashion retailer lauds success of business model
Online retailer JustFabulous has targeted further international growth after completing a $33 million Series A financing round.
The internet merchant has a unique way of allowing consumers to select the latest clothes, setting a monthly charge and sending recommended items based on fashion preferences.
Since launching in March 2010, the service has grown to more than 2.5 million users.
John Drew, TCV General Partner and a director on the JustFabulous board, says the forward-thinking approach to online retail is what has set it out from other fashion vendors.
"With its interactive approach to online fashion retail, JustFabulous exemplifies the innovation and tremendous growth potential of the consumer internet market," he said.
Research from comScore recently revealed that online retail sales in the US reached $37.5 billion in the second quarter of the year, representing a 14 per cent year-on-year increase.
Posted by Rachel Wheeler
The internet merchant has a unique way of allowing consumers to select the latest clothes, setting a monthly charge and sending recommended items based on fashion preferences.
Since launching in March 2010, the service has grown to more than 2.5 million users.
John Drew, TCV General Partner and a director on the JustFabulous board, says the forward-thinking approach to online retail is what has set it out from other fashion vendors.
"With its interactive approach to online fashion retail, JustFabulous exemplifies the innovation and tremendous growth potential of the consumer internet market," he said.
Research from comScore recently revealed that online retail sales in the US reached $37.5 billion in the second quarter of the year, representing a 14 per cent year-on-year increase.
Posted by Rachel Wheeler